AVNV vs. GMOI

Last updated Jun 26, 2026

AVNV (Avantis All International Markets Value ETF) and GMOI (GMO International Value ETF) are both Foreign Large Cap Equities funds. AVNV is actively managed, while GMOI is passively managed. Over the past year, AVNV returned 31.22% vs 34.97% for GMOI. Their correlation of 0.87 suggests significant overlap in exposure. AVNV charges 0.34%/yr vs 0.60%/yr for GMOI.

Performance

AVNV vs. GMOI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All International Markets Value ETF (AVNV) and GMO International Value ETF (GMOI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AVNV having a 11.31% return and GMOI slightly higher at 11.64%.

AVNV

• 1D: 0.37%
• 1M: -3.58%
• YTD: 11.31%
• 6M: 10.88%
• 1Y: 31.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GMOI

• 1D: 0.67%
• 1M: -2.22%
• YTD: 11.64%
• 6M: 11.19%
• 1Y: 34.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVNV vs. GMOI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVNV Avantis All International Markets Value ETF	11.31%	39.93%	-3.70%
GMOI GMO International Value ETF	11.64%	45.64%	-4.48%

Correlation

The correlation between AVNV and GMOI is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024	0.87

The correlation between AVNV and GMOI has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.

Return for Risk

AVNV vs. GMOI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVNV

AVNV Risk / Return Rank: 68
AVNV Sharpe Ratio Rank: 73
AVNV Sortino Ratio Rank: 69
AVNV Omega Ratio Rank: 72
AVNV Calmar Ratio Rank: 63
AVNV Martin Ratio Rank: 65

GMOI

GMOI Risk / Return Rank: 88
GMOI Sharpe Ratio Rank: 90
GMOI Sortino Ratio Rank: 90
GMOI Omega Ratio Rank: 87
GMOI Calmar Ratio Rank: 86
GMOI Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVNV vs. GMOI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All International Markets Value ETF (AVNV) and GMO International Value ETF (GMOI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVNV	GMOI	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.63	-0.61
Sortino ratio: Return per unit of downside risk	2.72	3.63	-0.91
Omega ratio: Gain probability vs. loss probability	1.37	1.46	-0.09
Calmar ratio: Return relative to maximum drawdown	2.69	4.20	-1.51
Martin ratio: Return relative to average drawdown	10.19	16.42	-6.24

AVNV vs. GMOI - Sharpe Ratio Comparison

The current AVNV Sharpe Ratio is 2.02, which is comparable to the GMOI Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of AVNV and GMOI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVNV vs. GMOI - Drawdown Comparison

The maximum AVNV drawdown since its inception was -13.89%, smaller than the maximum GMOI drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for AVNV and GMOI.

Drawdown Indicators

	AVNV	GMOI	Difference
Max Drawdown Largest peak-to-trough decline	-13.89%	-14.67%	+0.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-8.36%	-3.30%
Current Drawdown Current decline from peak	-3.68%	-2.53%	-1.15%
Average Drawdown Average peak-to-trough decline	-2.49%	-1.69%	-0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	2.14%	+0.93%

Volatility

AVNV vs. GMOI - Volatility Comparison

Avantis All International Markets Value ETF (AVNV) has a higher volatility of 6.27% compared to GMO International Value ETF (GMOI) at 4.02%. This indicates that AVNV's price experiences larger fluctuations and is considered to be riskier than GMOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVNV	GMOI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	4.02%	+2.25%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	10.70%	+2.90%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	13.40%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	15.55%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	15.55%	-0.51%

AVNV vs. GMOI - Expense Ratio Comparison

AVNV has a 0.34% expense ratio, which is lower than GMOI's 0.60% expense ratio.

Dividends

AVNV vs. GMOI - Dividend Comparison

AVNV's dividend yield for the trailing twelve months is around 4.01%, more than GMOI's 2.45% yield.

Position	TTM	2025	2024	2023
AVNV Avantis All International Markets Value ETF	4.01%	3.14%	3.51%	1.64%
GMOI GMO International Value ETF	2.45%	2.74%	0.54%	0.00%

Frequently Asked Questions

Can I hold both AVNV and GMOI in my portfolio?

AVNV and GMOI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVNV or GMOI?

AVNV has higher volatility (6.27%) compared to GMOI (4.02%). In terms of maximum drawdown, AVNV dropped -13.89% vs GMOI's -14.67%.

Which ETF is better, AVNV or GMOI?

On 1-year performance, GMOI leads with 34.97% vs 31.22% for AVNV. On fees, AVNV is cheaper at 0.34% per year. On volatility, GMOI has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVNV or GMOI?

Over the 1-year period, GMOI has performed better with a 34.97% return vs 31.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVNV or GMOI?

AVNV is cheaper with a 0.34% expense ratio, compared with 0.60% for GMOI.

Which ETF pays a higher dividend yield, AVNV or GMOI?

AVNV has the higher dividend yield at 4.01%, compared with 2.45% for GMOI.

What is the main difference between AVNV and GMOI?

They also come from different issuers: Avantis and GMO. Their fees differ too: 0.34% for AVNV and 0.60% for GMOI.

Which has better risk-adjusted returns?

GMOI currently has the higher Sharpe Ratio (2.63 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.